Jurisdiction(s):
United Kingdom

Business insurance cover and claims issues arising from the Russia–Ukraine conflict: property, political risk, trade credit, aviation, marine, cyber, D&O, supply chain, and transfer of insurance rights

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Practice notes

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The war in Ukraine, together with measures imposed by and upon Russia, has upended global business operations, unleashing widespread and significant supply chain shocks, halts to day-to-day activity, and the forfeiture of assets located abroad. International retailers, manufacturers, service providers and technology firms have scaled back, exited, or are in the process of exiting their Russian operations. Losses reportedly exceed US$59bn. Notably, Russian entities leasing aircraft from international companies have not returned the planes after lease terminations. Interruptions in the flow of strategic metals, including neon used in microchip manufacture—produced in Russia and refined in Ukraine—have generated severe losses for both business partners and participants across the supply chain. Diminished agricultural output from Ukraine, together with the loss of agricultural inputs from Russia, such as potash, has tightened global grain supplies and is expected to affect agricultural products. Ukraine is preparing an extensive reconstruction programme, encompassing major investment in infrastructure, security, residential housing, and commercial and industrial rebuilding projects, alongside diversified energy resources and digitalisation...

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Web page updated on 21/05/2026

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